# INTERVIEW: Goldplat Plc Q3 Operational Update

- Link: https://www.directorstalkinterviews.com/interview-goldplat-plc-q3-operational-update/412749939
- Published: 2018-04-24T11:35:33+01:00
- Author: Giles Arbor

**Goldplat Plc** ([LON:GDP](https://www.directorstalkinterviews.com/company/goldplat-plc/gdp.l))
CEO Gerard Kisbey-Green talks to DiurectorsTalk about its 3rd quarter operational
results. Gerard shares his thoughts on the operational highlights, with production
of just short of 7,000 ounces of gold on an annualised basis explains if he thinks
this is a concern, the impact of the elution plant at Gold Recovery Ghana, progress
at Kilimapesa and final thoughts on the Rand Refinery dispute.

Goldplat plc is an AIM quoted gold producer with two market leading recovery operations
in South Africa and Ghana and an operational gold mine in Kenya. The Company produced
42,857 ounces of gold during FY 2017, with 40,285 gold equivalent ounces sold and
transferred, resulting in an operating profit from continuing operations of £2.9m
for the year. This result does not benefit from the increased processing capacity
that was achieved at the Kilimapesa Gold Mine towards the end of FY 2017, with operational
profitability achieved during last two months of FY 2017. Accordingly, the Company
believes it is well placed to build upon production and profitability during FY 
2018.

The Company’s strategy is focussed on utilising cash flow generated from its flagship
gold recovery and mining operations to self-fund the sustainable growth and expansion
of its niche gold recovery business model internationally. The Company is also committed
to increasing its primary mining production output through acquisition / gaining
interests in producing or near-production assets, preferably in Africa. Goldplat
retains exposure to a small exploration project in Ghana, in which Ashanti Gold 
Corp. is earning an interest via an earn-in option agreement.

Share on: